Outrageously Funny Word Dictionary :: Precentory

👉 Precentory is a technical concept in finance that refers to the rate at which interest rates increase or decrease. It is used in the context of calculating the effective annual rate (EAR) for an investment, as it represents the cost of borrowing money to invest in something and then paying back the same amount when the investment matures. The precentory rate is calculated by dividing the nominal interest rate by 100% and multiplying that result by a constant factor called the "risk-free rate."

precentory